The House Financial Services Committee will begin a markup of the Regulation D Study Act (H.R. 3240) Tuesday, a bill supported by CUNA.
A July 21 article in
The New York Times
described how the subprime auto loan market has grown 130% in the five years since financial crisis, with roughly one in four new auto loans last year going to borrowers with credit scores at or below 640. Credit unions and banks approach the market quite differently.
Nebraska credit union advocates took their message of regulatory relief to Capitol Hill during a Hike the Hill event earlier this month.
Missouri credit unions have raised several issues with the National Credit Union Administration's risk-based capital proposal, prompting Sen. Claire McCaskill (D-Mo.) to write to the agency.
The Maine Credit Union League is soliciting volunteers to help elect U.S. Rep. Mike Michaud (D-Maine) for governor.
CUNA has been invited by the Michigan Department of Financial Institutions to provide CUNA Bank Secrecy Act training to 38 state examiners during a Department of Insurance and Financial Services training event later this year.